TCS on Foreign Remittances: Do Freelancers Really Have to Pay 20%?

For Indian residents, sending money abroad under the Liberalised Remittance Scheme (LRS) is a common practice, but it comes with several costs. Beyond transfer fees and currency conversion markups, you may have heard about Tax Collected at Source (TCS). This often leads to a common question, particularly from freelancers and those with foreign income: “Do […]